Transforming Insurtech with AppliedAI
AppliedAI, a UK-founded, UAE-headquartered AI-driven insurtech startup, has raised $55 million. The investment is a Series A funding round led by G42, with participation from Palantir, Bessemer Venture Partners, McKinsey, and Accrete Capital.
This latest round values the company at $300 million pre-investment. This follows its $42 million raise in 2022 from G42 and the Al Maktoum family.
How AppliedAI is Revolutionizing Insurance & Healthcare
- AI-Powered Claims Processing – Automates medical billing records and insurance claims, making them faster and more accurate than traditional outsourcing.
- Hybrid AI + Human Review Model – Ensures high precision in handling complex regulatory processes prevalent in western healthcare.
- Global Expansion – New funding will enhance AI tools and grow the team to support U.S. and European markets.
- Major Clients – Includes Abu Dhabi’s M42 Healthcare Group, U.S. law firm Morgan & Morgan, and UK-based Qinecsa.
The Future of AI in Regulated Industries
Founded in London in 2021 by Arya H. Bolourfrushan, AppliedAI relocated to Abu Dhabi in 2022 to leverage government grants and a more AI-friendly regulatory environment.
The company has over 4 million pages of U.S. medical records processed last year. This is setting new benchmarks for AI-driven automation in healthcare, insurance, and pharmaceuticals. Moreover, it establishes AppliedAI as a leading health and insurtech company in the region.
“We are building the future of AI-powered automation for regulated industries, delivering unprecedented accuracy and efficiency,” said Arya Bolourfrushan, CEO of AppliedAI.
Scaling AI Adoption in Insurance & Healthcare
As AI adoption surges in regulated industries, AppliedAI looks to disrupt outdated manual processes and establish itself as a leader in AI-powered insurance automation.
With this Series A funding, the company is set to expand its AI capabilities, grow its team, and scale operations in the U.S. and Europe—marking a major step toward transforming global insurtech and medical data processing.
